A wealthy Minnesota couple has been charged with taking more than $165,000 in state welfare benefits while living on a yacht.

Court documents say that Andrea and Colin Chisholm illegally received public assistance between 2005 and 2012, despite owning a $1.2 million yacht, driving a $30,000 Lexus and having about $3 million in various bank accounts.

Authorities say the couple lied about where they were living and who they were living with. They did not report that Colin owned a business and Andrea owned a dog kennel, which bred and sold championship dogs. According to criminal complaints, they also didn’t report bank accounts that they controlled.

"These rich folks ripped off the system," said Hennepin County Attorney Mike Freeman.

The couple is at large and might be in the Caribbean. There are national warrants out for them.

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